The Credit Administrator reviews and approves/declines credit requests for new and existing Borrowers within the delegated lending authority. Maintains delegated lending authority, which is the second highest level in the Bank, with the impact on both growth and quality, has significant impact on the Bank’s performance and financial condition (i.e. approval authority up to $5M C&I; $15M RE; $20M total). Utilizes independent judgement on matters of significant impact to the Bank, including identification of problem loans and highly complex deals.
Provides support, direction, and credit information to credit and portfolio staff of all levels and contributes to the development of loan policies and procedures, to ensure the overall quality of the Bank’s lending portfolio. The Responsible and accountable for adherence to Bank policies and procedures. Provides support to the Head of Credit Administration and/or Deputy Chief Credit Officer; gathering and compiling data and preparing various reports for Senior Management as necessary.
RESPONSIBILITIES
- Evaluate and examine credit requests in order to assess credit worthiness including loan quality, credit risk classification, loan structure, collateral analysis and adherence to Bank policies. Approve or decline credit requests within assigned authority. Analyze and recommend approval/declination of credit requests which exceed assigned authority.
- Review financial spreads and associated financial statements and notes (as necessary) and structure, commitments, etc. for the purpose of risk rating loans, determining the degree of attention required, identifying potential credit problems and ensuring conformity to company lending policies and practices. Recommend action to prevent potential loss.
- Provide mentoring and feedback to the credit and sales team to foster growth and development in the art and science of lending.
- Collaborate with Regional Portfolio Directors, Credit Managers, Portfolio Managers, Regional Presidents and Relationship Managers on credit matters and loans, including presentation and recommendations of extensions, renewals and commitments to necessary approval authorities, structure and management assessment.
- Provide timely feedback on CAM submissions focusing on the “need to know” questions to ensure quick turnaround of credit requests and collaborate with the Credit and Sales teams on any significant structural changes deemed necessary.
- Actively use bank’s CRM system to effectively communicate deal status updates and other Sales and Credit communication.
- Appropriately risk grade all loan approvals provided to ensure minimal grade changes in any internal or regulatory loan exams.
- Identify both current and emerging problem loan situations contained within submissions reviewed. (Note that this task and item immediately above result in meaningful impact on Bank’s standing with regulatory agencies.)
- Ensure that the loan portfolios for which the Directors are responsible adhere to the bank’s policies and procedures (as well as any applicable regulations), except where deviations are permitted and appropriately justified.
- Participate in training for the Credit staff (CAM, Spreads, etc. as needed).
- Perform pre-qualification assessment and analysis of financial condition, structure and risk of financing requests within framework of Bank’s credit culture and current economic and industry trends as needed.
- Participate in joint calls with Portfolio Managers and Relationship Managers as needed. • Attend and actively participate in Credit Administration department meetings and senior credit management meetings as directed.
- Participate in a “Coaching Role” working with assigned PM’s and Credit Analysts as necessary as they complete assigned Omega Training and as they carry out their job duties.
- Work on various special projects for Head of Credit Administration, Deputy Chief Credit Officer, and/or Chief Credit Officer.
- Other duties as assigned.
QUALIFICATIONS
- Minimum 15 years of experience in the banking industry required.
- 10+ years of experience in Credit Administration and Portfolio Management required.
- Considerable experience in a wide variety of loan types and complexities with ability to analyze credits as well as a detailed knowledge of lending structure and cash flow analysis.
- Experience with approving loans required.
A reasonable, good faith estimate of the minimum and maximum base salary or pay for this position is $185,297 to $250,000. Actual compensation will vary based on various factors including but not limited to location, experience, and performance. A discretionary bonus and/or business line incentive may be provided, in addition to a medical and other benefits, dependent on the position. For more information regarding our benefits, please visit https://www.ppbi.com/careers.html
CA (Los Angeles applicants): Applicants are notified that the Company is an insured depository institution subject to the restrictions and requirements of Section 19 of the Federal Deposit Insurance Act (12 CFR 303) (“Section 19”). In accordance with Section 19, the Company will consider an applicant’s criminal history after an applicant is made a conditional offer of employment. Qualified applicants with criminal conviction records will be considered for employment in accordance with the Los Angeles Fair Chance Ordinance. Section 19 may prohibit the Company from employing an applicant with criminal conviction(s) for fraud, breach of trust, embezzlement, mishandling of money or any crime of violence may have a direct impact on the job duties as set forth in the job description and such convictions may result in withdrawal of a conditional offer of employment in accordance with the Los Angeles Fair Chance Ordinance. Because of the nature of our business, a review of your criminal history is necessary to comply with Section 19 and to avoid substantial risk to our business operations and licensing.
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